Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the procedure for transmission to surviving holder(s) / nominee in case of the death of the account holder?

April 26, 2017account Case death nominee procedure transmission

0

Posted

What is the procedure for transmission to surviving holder(s) / nominee in case of the death of the account holder?

1 Answer

0

Posted

In case of the death of the joint holder, the surviving holder/s should hold a demat account in the same name and order. For e.g. in a demat account held by A,B and C if B dies then the account should be held/opened in the name of A and C only for transmission to happen.